QTUMUSDT trade ideas
QTUM longSo QTUM has drawn a nice falling wedge and right now it broke up.
As you can see on the 1hr chart, it has already checked its old resistance as new support and it went well.
So what I´m expecting is a move north.
My price target is above 9 maybe at 9.5-10...¨It all depends on volume and ofc BTC...
QTUM Buying Surge Hints Upswing To Inception LevelsQTUM price traded at $8.42 with a loss of 3.52% in the last 24-hour and 20% up in the weekly time-frame. Furthermore, QTUM is forming a parabola and can move according to it. In contrast, the market capitalization stands at $844 million. Technically, the RSI index showcases an upward slope. Moreover, the price movement can be upto $22.75 in future trading sessions.
Resistance: $22.75
Support: $5.0
QTUM setting-up for a run to $12 QTUM has seen meaningful growth and above average volume for a crypto with a sub $1B market cap. The most recent breakout has been challenged and formed a picture perfect Inverted H&S pattern. This too has now broke to upside with $8.85 and then $12 targets on the horizon. Previous cycle high had QTUM $80 making this 10 bagger potential. I am LONG since $7.5
QTUMSince this past crash we all experienced last night, the only coin that seems to be recovering and bouncing up better than any other coin is QTUM.
It's trying to break a resistance right now. if it does, I've pointed out 2 TP areas for you guys to set up your positions.
So far it has moved up about 10%, and I think it has the potential to do more.
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck 🎲
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